Apr. 30 at 8:04 PM
$SRBK Q1 earnings halved YoY to
$537K (EPS
$0.06) as NIM compressed 49bps to 2.82%. Deposit costs surged 106bps while loan yields fell 23bps. Despite 6.7% loan growth, tangible book value dipped 2.2% from buybacks. The Fed's rate squeeze continues to pressure this NJ community bank.
https://www.prnewswire.com/news-releases/sr-bancorp-inc-announces-quarterly-financial-results-302443208.html